The Effect of Energy Importation from Russia on Turkey's Current Account Deficit

2019 ◽  
Vol 8 (4) ◽  
pp. 29-46
Author(s):  
Tuna Erkılıç ◽  
Dilek Temiz Dinç ◽  
Aytaç Gökmen ◽  
Mehmet Yazıcı
Keyword(s):  
Economic Development ◽  
Current Account ◽  
Current Account Deficit ◽  
Econometric Methods ◽  
Social And Economic Development ◽  
The World ◽  
Energy Trade ◽  
The Republic ◽  
Republic Of Turkey

Energy is a fundamental input of social and economic development of a country. Yet, some of the countries in the world are rich in terms of energy and some countries lack the necessary amount of energy they require. The Republic of Turkey is situated at the threshold of Eurasia and is close to the richest energy basins of the world in its vicinity. However, Turkey is not self-sufficient in terms of energy and in order to correspond to its increasing energy necessity, it must import energy from neighboring countries, mainly from Russia. Moreover, the aim of this study is to analyze the energy trade of Turkey with Russia and its impact on its current account deficit. In order to analyze this issue, various econometric methods are utilized in this study. With respect to this analysis, it is evident that the energy importation of Turkey from Russia leads to an increase in its current account deficit.

scholarly journals Analysis of the financial account of the Republic of Serbia in the period from 2010-2018

2020 ◽  
Vol 14 (1) ◽  
pp. 66-79
Author(s):  
Sanja Bakić
Keyword(s):  
Current Account ◽  
Current Account Deficit ◽  
Balance Of Payments ◽  
Foreign Investors ◽  
Financial Account ◽  
The World ◽  
The Subject ◽  
The Republic ◽  
The Impact ◽  
The Current Account

A country's balance of payments represents transactions between one country and the rest of the world. The subject of the research is the analysis of the period from 2010 to 2018 and the presentation of the impact of positions of goods, services, primary income and personal transfers on the current account of the balance of payments, as well as covering current balance positions through capital. The aim of the research in this paper is to examine the importance of opening the borders of the Republic of Serbia and enabling the entry of foreign investors. The expected results of the research should indicate the way to reduce the current account deficit, the balance of payments itself, as well as the economic development and stability of the country.

Path of the Operation and Promotion of Market-Based Chinese Martial Arts

2014 ◽  
Vol 971-973 ◽  
pp. 2350-2353
Author(s):  
Ai Yun Sun ◽  
Xi Yang Ding
Keyword(s):  
Public Health ◽  
Economic Development ◽  
Economic Integration ◽  
Martial Arts ◽  
Consumption Level ◽  
The Public ◽  
Business Operations ◽  
Social And Economic Development ◽  
The World ◽  
Elite Sports

martial arts through the promotion of conditions , difficulties and countermeasures analysis of the system, that China should be based on public health and martial arts fighting two clues to promote athletics , martial arts part of the refining and development of the " elite sports " and select wide popularity part , to promote the realization of the true sense of the public , in order to improve business operations and direction of development to promote social and economic development and to meet the needs of people in sports consumption level . In other words, watching athletics , martial arts fitness and economic integration of the three organic constituted martial arts through the promotion of the premise, but also the power of martial arts to the world .

Are export earnings from India’s bilateral intra-industry trade with the US and China robust enough?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Sagnik Bagchi ◽  
Surajit Bhattacharyya
Keyword(s):  
Current Account ◽  
Manufacturing Industry ◽  
Current Account Deficit ◽  
Export Price ◽  
World Market ◽  
Export Share ◽  
Content Type ◽  
Persistent Problem ◽  
Industry Trade ◽  
The World

Purpose This paper aims to explore whether India’s export basket in the bilateral intra-industry trade (IIT) with two of its top trading partners characterize robust export earnings or not. This is pertinent for two reasons. First, India has a persistent problem of current account deficit for over decades now. Second, whether India’s export diversification strategy by participating in global value chains to improve export share in the world market led to the problem of the fallacy of composition. Design/methodology/approach This study considers bilateral trade data between India-USA and India-China at the HS-6 digit level over the period 1990–2018. The magnitude of total IIT is computed using the Grubel and Lloyd (1971) index. This paper then uses the unit value dispersion criterion to disentangle the magnitude of total IIT into horizontal and vertical IIT. Through a stepwise econometric exercise, this paper explores the attributes of exported goods in the IIT basket in terms of the directions of ToT, export share and export-price elasticity. Findings Across the two country pairs, the major contributors to the upsurge in IIT are five manufacturing industry groups of chemical, plastics and rubber, textiles, base metals and machinery and mechanical appliances. Across the industry groups, the dominant form of IIT has been low vertical IIT. Most of the industry groups do not characterize robust export earnings as the commodity groups have an elastic demand and an increasing trend of Terms of Trade (ToT). The exceptions are the industry groups of chemicals and textiles in India-China and India-USA, respectively. Research limitations/implications The concern of slim export earnings in most industry groups offers scepticism in maintaining the sustainability of the current account. The problem of the fallacy of composition also cannot be ruled out given the dominance of low vertical IIT. This study argues that these industry groups need to engage in labour market reforms and require access to easy credit to achieve competitiveness in the world market. Originality/value The analysis performed in this paper attempts to integrate the Prebisch-Singer hypothesis in the context of IIT. Empirical evidence to such an issue is not profound.

CRITERIA FOR DEVELOPING AND EVALUATING THE EFFECTIVENESS OF THE SPECIAL ECONOMIC ZONES OF THE REPUBLIC OF UZBEKISTAN

2021 ◽  
Vol 4 (3) ◽  
pp. 79-85
Author(s):  
Madina Elmuradova ◽  
Keyword(s):  
Economic Development ◽  
Special Economic Zone ◽  
Economic Indicators ◽  
Special Economic Zones ◽  
The World ◽  
Socio Economic Development ◽  
Economic Zone ◽  
The Republic ◽  
Economic Zones ◽  
Efficiency Indicators

This article outlines special economic zones that play an important role in the socio-economic development of the country, and the use of this term in the reports of influential organizations around the world,as well as changes in the legislation of the Republic of Uzbekistan. In addition, the factors important for the effective functioning of the special economic zone, and the criteria for assessing the effectiveness of its activities are systematized and analyzed through the economic indicators of the SEZ "Navoi"Keywords:special economic zone, investment, free economic zone, export, import, efficiency indicators.

scholarly journals Implications of the U.S. Current Account Deficit

1989 ◽  
Vol 3 (4) ◽  
pp. 153-165 ◽  
Author(s):  
David H Howard
Keyword(s):  
United States ◽  
Current Account ◽  
Current Account Deficit ◽  
Analytical Framework ◽  
The United States ◽  
Balance Of Payments ◽  
The World ◽  
The U.S ◽  
The Current Account

In 1988, the United States recorded a deficit of about $135 billion on the current account of its balance of payments with the rest of the world. This paper presents an analytical framework for thinking about the current account deficit, explores causes of the current account deficit, and discusses the United States as a debtor nation and the issue of sustainability.

scholarly journals Priority directions of development “Uzbekneftegas” jsc in the conditions of globalization of the world economy

2019 ◽  
Vol 139 ◽  
pp. 01008
Author(s):  
G.Zh. Allaeva
Keyword(s):  
Economic Development ◽  
Energy Balance ◽  
Natural Gas ◽  
World Economy ◽  
Economic Globalization ◽  
Hydrocarbon Production ◽  
The World ◽  
The Face ◽  
The Republic

The article considers the role of “Uzbekneftegas” JSC in the economic development of the fuel and energy complex of the Republic in the face of increasing global economic globalization. The structure of the company, the priority areas for the development of JSC activities are shown. The perspective directions in hydrocarbon production are considered. The data on the production, use and distribution of natural gas by sectors of the economy of Uzbekistan are presented, and the structure of the energy balance of the Republic of Uzbekistan is shown.

Bhutan - Assessment Letter for the World Bank

Policy Papers ◽  
2012 ◽  
Vol 2012 (97) ◽  
Author(s):  
Keyword(s):  
World Bank ◽  
Current Account ◽  
Current Account Deficit ◽  
Gdp Growth ◽  
Medium Term ◽  
The World Bank ◽  
The World ◽  
The Current Account

Bhutan's growth has remained robust, but the current account deficit has widened. • Bhutan's economy has expanded at a robust pace driven by the hydropower sector developments. GDP growth is estimated at nearly 8 percent in 2011/12 (from 8.5 percent in 2010/11), and is projected to reach 12.5 percent in 2012/13 due to the acceleration in hydropower-related construction. Inflation has risen, reaching 13.5 percent in 2012Q2, with both food and nonfood components accelerating. Bhutan’s medium-term outlook is favorable, as growth should remain strong at around 8-9 percent over the medium term, driven by developments in the hydropower sector, manufacturing, and domestic services.

Formation of the consumer economy in Russia

10.12737/2200 ◽  
2014 ◽  
Vol 3 (4) ◽  
pp. 167-174
Author(s):  
Аракелова ◽  
Irina Arakelova
Keyword(s):  
Economic Development ◽  
Comparative Analysis ◽  
Manufacturing Industry ◽  
Russian Regions ◽  
Consumer Market ◽  
Final Consumption ◽  
Social And Economic Development ◽  
The World ◽  
Consumer Economy ◽  
Different Levels

The paper presents the analysis of the situation on the Russian consumer market. Tendencies and prospects of the domestic manufacturing industry as a source of forma-tion and development of a consumer economy in Russia are considered. In the article the author provides a comparative analysis of final consumption in Russia and other countries of the world and comes to the following conclusions. In Russia, there is a potential for the formation of consumer economy. But different levels of social and economic development of Russian regions are restriction for the formation of a consumer economy in it.

Enhancing Human Potential for The Benefit of Regional Economic Complex Development

10.12737/5991 ◽  
2014 ◽  
Vol 3 (2) ◽  
pp. 19-24 ◽  
Author(s):  
Катайкина ◽  
N. Kataykina
Keyword(s):  
Economic Development ◽  
Federal District ◽  
Human Potential ◽  
Regional Economic ◽  
Human Needs ◽  
Social And Economic Development ◽  
Complex Development ◽  
Basic Human Needs ◽  
The Republic

The author considers the need to enhance human potential as an essential condition for economic complex management. Brief review of social and economic development of the Republic of Mordovia and its role in the economic complex of Volga Federal District is provided. Nowadays basic human needs are considered and the imperative to satisfy them for the benefit of enhancing regional human potential is acknowledged.

scholarly journals Tourism policy of the Republic of Poland level of the territorial self-government

2013 ◽  
Vol 2 (43) ◽  
pp. 48-59
Author(s):  
I. Sukhovych
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Tourism Development ◽  
Tourist Attractions ◽  
Tourism Promotion ◽  
Government Sector ◽  
Social And Economic Development ◽  
Tourism Policy ◽  
The Republic

The article deals with the place and role of the territorial self-government sector in the process of tourism development, the influence of tourism on the social and economic development of a region as well as the role of strategic regional planning in the sphere of tourism development. The article also analyzes the development of tourism on the level of gmina self-government which is the lowest and the most important level of self-government in Poland, the tasks of gminas in the tourism sphere as well as the role of local authorities in the process of tourism promotion. The work highlights an institutional system of tourism development support in Poland on regional level, the role of local self-government bodies in financing infrastructure that is need for tourism development, the role of regional tourist agencies in promoting and creating tourist attractions in a region, as well as the tourism promotion system at the gmina self-government territorial level. Key words: Poland, tourism, regional policy, territorial self-government, gmina, development strategy, tourism promotion, tourist agency, tourism policy, social and economic development, dimensional policy.

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